Lease Purchase

Derby Lease Purchase

Also known as corporate car lease, personal car finance, private car lease or car finance l uk. Ideally for non-VAT registered companies that want eventual ownership of the vehicle or for VAT registered companies who wish to claim the VAT in full with their first payment on a commercial vehicle. Technically impossible (since lease means rental not purchase) but so called in the vehicle supply industry. Lease purchase is effectively a hire purchase contract that includes a single larger final payment at the end. This is called the balloon payment and reduces the monthly repayment during the life of the contract. Repayments do not carry VAT and the capital cost is written down for tax purposes in the same way as for hire purchase.

Key Benefits

Low deposit.

No mileage restrictions, although you will end up paying for the depreciation for the miles travelled.

Offers the VAT advantages of contract hire.

For anyone thinking about contract hiring a car, it's very important to understand what contract hire is — and what it is not — and how it works and if you have any questions no matter how small just give us a call.

Displayed offers are based on you leasing the vehicle, you will not own the vehicle. All Images and vehicle descriptions used on this website are for illustration purpose only. All offers are subject to credit approval by our finance partners and can change without notice.
Contracts are subject to an excess mileage charge. Returning vehicle condition is expected to comply with our industry fair wear and tear policy.